Street signs

With the frangipani back in full force, it was no wonder the markets witnessed upsides last week. On top of a 380-odd point rise in the previous week, the Sensex added close to 400 points last week. The rise saw the index recovering 3/4th of the losses suffered between October 4 and October 28, 2005.

Even though US Fed did its bit by increasing US rates by 25 basis points, the markets had already priced it in. With the Fed signalling no intention of going for an aggressive rate hike in future, everything was back to hunky dory in the emerging markets, including our own.

Home Maker Fund was a buyer at the Phoenix Lamps counter, pocketing nearly a lakh of shares. The share price has seen a spurt in recent times with the stock rising up from Rs 71 levels on October 21 to above Rs 90 levels. The company reported good quarterly numbers, which has caught the investors' eye.

For those who thought bulls are back at the Indiabulls' counter, following Slow Robinson's buying at the counter recently, there is bad news. Castro Fund turned seller at the counter, dumping nearly 12 lakh shares at Rs 162 levels.

The stock had been hammered by some heavyweights in the recent past, following Mr. Know All investigation into Indiabull's clients. Following the mess, Jeweller Fund had rid itself of more than 13 lakh shares of Indiabulls at Rs 156 levels.